Omaha daily bee., 1887-09-22
The SPECULATIVE MARKETS.
Wheat Opens With Weak Feeling But
Firms Up Later.
CORN TRADERS APPEAR BULLlsh
A Sensational Break In September
and October short R,bs-Cattle
Values LOwer-Hogs Lower
General Quotations.
CHlCAGolpRODUCE MARKET.

CHlCAGOlPRODUCE MARKET.
CHICAGO, Sept 2i.-lSmcial Telegram to
the BEE. The opening In wheat was rather
weak, the crowd appearing TO be bearish Oh
weaker private cables, showing a decline in
California and Indian wheat, an increase in
the amount IN passage to the United King
dom Of 100000 bushels, and very large farm
ers deliveries reported. There was scarcely
the beginning OF q decline, however, before
the stronger undertOne, which for the first
time In several days manifested itself yester-
day, again made itself felt. Private cables
gave No. spring Chicago . half penny
higher, and operators expecting higher prices.
Alex Geddis and Robert Warren were good
buyers, and there appeared to be q good de-
mand for cash wheat generally. The strin-
gency In the money market, which is the all
absorbing topic In the east, appears to cut no
figure whatever in the grain markets. The
scattering Of money throughout the country
TO pay for grain is no unusual thing at this
season. and Of course 1t takes some
time for this money to work back. We shall
get hold of 1t on its return before
the New Workers do and no disastrous con-
sequences because of tight money are antici-
pated here. The receipts and shipments
several days. The shipments exceeded. the
receipts at Chicago, Detroit AID Toledo. Tho
receipts at Minneapolis were large-2l6, 900
bushes-but SO were the shpments-5s, 900
bushels-and III general the indications were
that the grain was not piling up danger
Ously. The exports of flour from New York
continue large. Later private cables we're
stronger and the pubkc cable gave an ad-
vance of IA In red winter, though not agree
Ing with private advices OF an advance OF "a
In No; 2 sp-lng. These advices, however,
finding 1t advisable to cover, prices advanced
full nc, with the closing ut o'clock strong
at the higest quotations of,the day. October
$3.50, December 724c asked and May 77Ac.
from 6ssl@6S1Sc TO 69sac in December 72l4c
70 lk@7lxc and in May from TG771tc to
There appeared to be rather a bullish feel
but the selling by Hutchinson Of something
like half OF his purchases of yesterday made Q
week opening after all. But when the same
traders brokers appeared later there was not
corn at this point continue large, but the
shipments are also liberal, and there is
good demand FOR the grain for shipment
The believers In better prices say that tho
sold for September Mt considerably lower
prices--much of 1t at about 3Sc-and that
when the grain so contracted for Is taken
care OF. there, will be more of 1t wanted than
Will be for sale at present prices. How far
their predictions are to be verified is a
problem to be solved. But the first of their
promises, that much of the corn now arriv-
ing Is to fill contracts for September, made
market At about the ~ middle of Of
the session, when the estimated receipts for
Tomorrow were given as $40 cars. The ex-
OF tfnn hoI han hiatt ftp,n In. Il ha
small. There was no great pressure to sell,
however, and the market tirmed back. The
fluctuations were not wide, being the great
est in the October ODtion-4l@4lkc. In
November the range was from Al & 10 41Ac.
In December Al tO4llc, and in May 44ss ia
44%c. The closing was firm at October Il 4
@4lAc, November 4lA@4lssc bid, and May
Oats were quiet and not enough was doing
to pay dealers to give their time to the mar
ket. With no particular change in prices,
and the variation within the narrow range
Of ac per bshe for the past few days. the
all this business has been IN the sample
market aud at prices above what could have
been obtained In store. the closing was al
%he soa at se fer '0r May
In provisions the sensation was another
unexpected break In September and October
short ribs for some reason not made public
though possibly on account of the failure OF
the decline last week TO shake out of all the
tailers to Its deal, the house controlling this
line withdrew its support. Short ribs fol
OctOber-the trading futare--Opened al, ,$S.4.
and then dropped with an occasional transac
tion at $500 and closed at o'clock at Ss.22laa
or 8Oc lower than last night. September wa:
nOminally the same as October. Lard was
relatively the strongest article on the list anC
suffered little or no change In the ruling
prices. The October future for 1t sold a.
36.821aG37H and closed at S6.35G6 81 u
which was also the closing for SeDtember.
December at $685.. Barring lard the
January product was weakened by the large
receipts of hogs. Pork for this month de
clined lOc and short ribs &C. Cash lard sole
to the extent of s, $50 tierces ut So S2lb b(a63
AFTERNOON SEssioN-Wheat higher; Sep
tember closed at about 69c; October sold a
WM@69ssc, then up to $3.50, closing a
69A@69szc; November sold at '7i@7lkc, clos
Ing at 7lIc; December sold at 721fc. easet
closing at that; May sold At 77S@T7Xc. spii
to 7SQ67S]sc. closing at 7sc. Corn steady
October sold at 4lZ94lQp4lxc, split up K
4lNc, closing at Al Ac bid; November sold a
4lA@4issc, closing with sellers At 4lAc
split then at 44ssc. closing with sellers .
44skc. Oats very quiet; September 25hc bid
for October 25ll@25sac was bid; Novembe
2sAc bid; May was offered at 29Kc, with 295
929Xc bid. Pork sold and closed for Janll
ary at Sl2. s21s, an ADVANCE OF 2hc; clear ri
closing at S6.35 for September and October
$3.50 for November, S632lk for Decembe
and Sc. 371S16.40 for January. Trading wa
limited. Short ribs for October sold q
$S.22kas25 and closed at SS.25. an advanc
OF 21fc; January was steady at 1920.
CHICAGO LIVE STOCK.